Tunisia: BH Bank sees its NBI grow 7% in 2019 to 489 million dinars

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    BH Bank’s activity in 2019 saw a 7.3% growth of the Net Banking Income (NBI) to 489.2 million dinars, against 455.7 million in 2018.

    The bank posted an increase in interest income by 191.6 million dinars, or +26%, to 927.3 million at the end of last December, against 735.7 million a year earlier.

    The commissions paid by the bank grew 8.9% to 109 million dinars, compared to 100.1 million dinars a year earlier.

    As for interest charges, they increased by 26.9% to 658.7 million dinars at the end of December 2019.

    In addition, general operating expenses went up from 51.5 million dinars to 58.9 million dinars between 2018 and 2019, recording a growth of 14.3%.

    The bank’s activity in 2019 also saw an increase in customer deposits amounting to 313.9 million dinars, or 4.78%, to 6.86 billion dinars, compared to 6.55 billion at the end of December 2018.

    Similarly, an increase in outstanding customer loans by 336.9 million dinars, or 3.69%, was recorded last year to reach 9.45 billion dinars.

    The investment securities portfolio posted an increase of 19.3% to 1.52 billion dinars at the end of December 2019, against 1.27 billion the previous year.

    As for loans and special resources, they grew by 14.9% to reach 1.57 billion dinars.

    Finally, the shareholders’ equity before result of the period increased by 14.8% to reach 839 million dinars at the end of last December, against 731 million in 2018.

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